CONTRACT CLOSEOUT PROCESS

The modification should identify obligations or de-obligations as appropriate. If funds still remain on an old contract, yet the value of excess funds cannot be reconciled between the CO, DFAS, and the contractor, the de-obligating modification shall state "DEOBLIGATE ANY REMAINING FUNDS". Do not identify an amount to be de-obligated. The amount will be determined by DFAS. If there are no ... ................
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